TheStreet Upgrades ACI Worldwide (NASDAQ:ACIW) to B

ACI Worldwide (NASDAQ:ACIW) was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating in a report released on Thursday, TheStreetRatingsTable reports.

Several other research analysts have also recently weighed in on the stock. BidaskClub upgraded shares of ACI Worldwide from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th. ValuEngine cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Finally, BTIG Research assumed coverage on shares of ACI Worldwide in a research report on Thursday, September 12th. They issued a “buy” rating and a $40.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.33.

ACIW traded up $0.40 during mid-day trading on Thursday, reaching $34.40. 465,900 shares of the stock were exchanged, compared to its average volume of 695,492. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.29 and a current ratio of 1.29. The company has a 50 day moving average price of $31.20 and a two-hundred day moving average price of $32.01. The stock has a market capitalization of $3.72 billion, a PE ratio of 30.99 and a beta of 1.28. ACI Worldwide has a 1 year low of $25.12 and a 1 year high of $35.86.

ACI Worldwide (NASDAQ:ACIW) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.09). The company had revenue of $354.90 million during the quarter, compared to the consensus estimate of $341.07 million. ACI Worldwide had a return on equity of 10.14% and a net margin of 7.74%. The firm’s revenue for the quarter was up 44.6% on a year-over-year basis. During the same quarter last year, the company posted $0.13 earnings per share.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Conestoga Capital Advisors LLC boosted its stake in ACI Worldwide by 2.5% in the second quarter. Conestoga Capital Advisors LLC now owns 2,698,054 shares of the technology company’s stock worth $92,651,000 after buying an additional 65,948 shares in the last quarter. Parnassus Investments CA boosted its stake in ACI Worldwide by 40.0% in the third quarter. Parnassus Investments CA now owns 2,609,252 shares of the technology company’s stock worth $81,735,000 after buying an additional 745,308 shares in the last quarter. Janus Henderson Group PLC boosted its stake in ACI Worldwide by 5.9% in the second quarter. Janus Henderson Group PLC now owns 2,155,519 shares of the technology company’s stock worth $74,021,000 after buying an additional 120,493 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in ACI Worldwide in the second quarter worth approximately $72,562,000. Finally, TimesSquare Capital Management LLC boosted its stake in ACI Worldwide by 1.1% in the third quarter. TimesSquare Capital Management LLC now owns 2,081,763 shares of the technology company’s stock worth $65,211,000 after buying an additional 22,973 shares in the last quarter. 99.62% of the stock is owned by institutional investors and hedge funds.

ACI Worldwide Company Profile

ACI Worldwide, Inc provides software products and services for facilitating electronic payments to banks, financial intermediaries, merchants, and corporates worldwide. It offers UP Retail Payments solution that enables banks to accept, authorize, route, and secure payment transactions; and ACI Card and Merchant Management solutions, including credit, debit, smart card, and prepaid card issuance and management, as well as merchant account management and settlement.

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